The bond was over three times oversubscribed, driven by strong demand from international and regional investors.

Elias Moubarak, partner working on the deal at Trowers & Hamlins said:

"We are proud and privileged to be able to continue to contribute to the success of Abu Dhabi and the UAE by advising on this landmark transaction."

Sultan al-Jaber, CEO of ADNOC added:

“The very attractive pricing and substantial international demand for this offering positively reflects the UAE’s stable investment environment, as well as ADNOC’s new and progressive approach to its long-term financing strategy.”

The firm advised on all UAE law aspects of the transaction.

The Trowers & Hamlins team was led by partners Elias Moubarak and Salman Ahmed and associate Abdelhak El Kinany.